Question

.......................

Answer 1

(a) The amount of markup is $7.20.

(b) The list price is $23.20.

Step-by-step explanation:

Step 1:

The markup price is the price by which a seller has increased the product's price. The markup price is the difference between the selling price and the buying price.

Darla marked the price up 45%, so we need to determine how much 45% of $16 is.

45% of $16 = $\frac{45}{100} (16)= 0.45 (16) = 7.20.$

So she increased the price by $7.20.

Step 2:

The price at which she has listed the bracelet is the sum of the buying price and the markup price.

The list price = The buying cost + the markup cost = $16 + $7.2 = $23.20.